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Gale Company has the following Inventory and purchases during the fiscal year ended December 31, 2020, Beginning Inventory Teb. 10 purchased Feb. 20 Bold Mar.

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Gale Company has the following Inventory and purchases during the fiscal year ended December 31, 2020, Beginning Inventory Teb. 10 purchased Feb. 20 Bold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 280 unita 80/unit 195 units 84/unit 360 units e$ 160/unit 290 units es 78/unit 255 unita e$ 64/unit 510 unita e$ 160/unit Gale Company employs a perpetual Inventory system. Required: 1. Calculate the dollar value of ending Inventory and cost of goods sold using: (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a. FIFO b. Moving weighted average 2. Using your calculations from Part 1, complete the following schedule: (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) FIFO Moving Weighted Average Sales Oct. 10 sold 510 units @ $ 160/unit Gale Company employs a perpetual Inventory system. Required: 1. Calculate the dollar value of ending Inventory and cost of goods sold using: (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) Ending Inventory Coat of Goods Sold a. FIFO b. Moving weighted average 2. Using your calculations from Part 1, complete the following schedule: (Do not round Intermediate calculations, Round the final answers to 2 decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit

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